1799 $1 MS (PCGS# 6878)

2013 November 15 - 16 Selections from the Eric P. Newman Collection Part II Signature Auction - New York #1190

  • Auctioneer:
    Heritage Auctions
  • Lot Number:
    33508
  • Grade:
    MS67
  • Price:
    $822,500.00
Lot Description
1799 $1 7x6 Stars MS67 NGC. B-5, BB-157, R.2. Ex: "Col." E.H.R. Green. The Green-Newman example is the finest known 1799 B-5, BB-157 die marriage, the finest known 1799-dated dollar (for those collecting by date and major type), and the finest known of any Draped Bust, Heraldic Eagle silver dollar dated 1798 to 1803. It is tied with a 1795 Draped Bust, Small Eagle dollar for the finest known early dollar of any kind dated 1794 to 1803. This amazing Superb Gem exhibits a bold, complete strike that is truly remarkable for its exceptional detail. Brilliant satin mint luster appears beneath delicate original champagne toning, complementing peripheral accents of blue, violet, and rose over virtually flawless surfaces. The opportunity to bid on and acquire the finest existing Heraldic Eagle silver dollar will likely not present itself again anytime soon, once this piece crosses the auction block. Obverse Die. The 1799-dated obverse that struck the B-5 marriage was another "workhorse die," one used with six different reverse dies, in order, for B-7, BB-156; B-5, BB-157; B-11, BB-161; B-6, BB-162; B-10, BB-163; and B-17, BB-164. Reverse Die. The reverse die was only used for this single B-5, BB-157 die marriage. The U in UNITED is imperfect at the upper left, similar to several other reverse dies that were engraved with the same punch and likely about the same time. Die State. The obverse shows remnants of clash marks at the tops of 99, and a hairline crack in the upper fold of the drapery. An additional delicate die crack appears along the border, to the right of the bust point and star 13. Both die cracks appear in the photo of the second-finest Boston specimen, although Bowers states that no die cracks were seen on the obverse in this early die marriage. Delicate die lines are evident under magnification. A reverse crack begins at the border below the branch stem and runs clockwise through the eagle's tail, continuing through UNITED and STATES.
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